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Microcap & Penny Stocks : Tokyo Joe's Cafe / Anything goes -- Ignore unavailable to you. Want to Upgrade?

To: Gogo@SI who wrote (3411)	3/31/1998 5:52:00 AM
From: Ryan K	Read Replies (1) \| Respond to of 34592

The only thing that I can see better about Datek is described in an article in Forbes. (check www.forbes.com --> enter Datek in search field then click in article) The article mentions that Datek is on an ECN (electronic communication network) called Island that is supposedly way faster. This is an excerpt from: Free enterprise comes to Wall Street By Matthew Schifrin with Scott McCormack FORBES, April 6, 1998 ". . . FORBES checked to see how responsive the ECNs were at posting limit orders. One recent afternoon we telephoned marketmaker Herzog, Heine, Geduld with an inside bid. Four minutes passedfor two of them we were on holdbefore our bid for 100 shares appeared on a Nasdaq marketmaker screen. We next tried Web broker ETrade: It took ETrade two minutes also, then our limit order was posted by Bloomberg Tradebook. We next tried Datek Online, which uses Island to post limit orders. From the time we gave the order, just three seconds passed before it hit the Nasdaq screen. . . ." Any comments?????

To: Gogo@SI who wrote (3411)	3/31/1998 6:28:00 AM
From: Ryan K	Read Replies (1) \| Respond to of 34592

Commission schedule for Ameritrade, Datek, E-Trade, Webstreet I am trying to pick an on-line discount broker. I know all the prices, but which ones are faster and have best features and make trades at better prices???? Ameritrade: Market=$5 Limit=$13 unlimited shares RealTime quotes=$20/month (but not self updating) www.ameritrade.com Datek: $9/5000shares RealTime quotes=FREE (but not self updating) they plan to add NASDAQ level 2 self updating quotes soon. www.datek.com E-Trade: Limit=$19.95, for over 5,000 shares add 1›/share to the entire order. RealTime quotes=$30/month (don't know but think they are not self updating) www.etrade.com Webstreet Securities: Any listed stock trade, any size $14.95 NASDAQ Stock Trades 1,000 shares or more* FREE!!(if price greater than $2/share) RealTime quotes=FREE NASDAQ level 2 self updating quotes. www.webstreetsecurities.com Ryan K

To: Gogo@SI who wrote (3411)	3/31/1998 8:43:00 AM
From: Ryan Mueller	Read Replies (1) \| Respond to of 34592

I used Datek as well. They only real gripe I have is no BB:OTC trading yet.. ( hope to see them change soon.. ) When playing a quick day trade response time can be problem. (Some of the problem is my response time.. LOL ) I have a direct connect to Net both @ work and at home do not notice performance. You may want to discuss with your ISP and Datek support. Good luck. Let me know how your transition works out. I am thinking about the some only for the BB:OTC reason. rpmueller@tconl.com